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tacotruck2112 t1_iu64smq wrote

If you earned less than $130k at that company in 2021 (and are not a 5% owner), then you are not HCE in 2022 and may contribute as much as you want up to irs limits.

If you will earn more than $135k in 2022 (and still not an owner), then you probably are an HCE in 2023 and may be limited in 401k next year. Generally, HCEs may contribute up to 2% of pay more (on average) than the average contribution rate of NHCEs.

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